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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />$635,000 MUNICIPAL BUILDINGS IMPROVEMENT <br />BOND ANTICIPATION NOTES, SERIES 2005 <br /> <br />Lakewood, Ohio <br />April 18, 2005 <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OIllO: <br /> <br />The undersigned, Fiscal Officer of the City of Lakewood, Ohio (the "City"), as <br />defined by Revised Code Section 133.01, and in the ordinance authorizing the bonds and notes in <br />anticipation thereof hereinafter referred to, hereby certifies in connection with your proposed <br />issue of bonds and notes in anticipation thereof in the principal amount of $635,000 for the <br />purpose of renovating municipal buildings, as follows: <br /> <br />1. That the estimated life or period of usefulness of the' improvements is <br />hereby certified to be at least five (5) years. <br /> <br />2. That the maximum maturity of the bonds authorized to be issued for such <br />improvements, calculated in accordance with Section 133.20, Ohio Revised Code, is at least <br />twenty (20) years, being my estimate of the period of usefulness of such renovations; provided that <br />if notes in anticipation of such bonds are outstanding later than the last day of December of the <br />fifth year following the year of issuance of the original issue of notes, the period in excess of those <br />five years shall be deducted from that maximum maturity of such bonds. <br /> <br />" 3. That the maximum maturity of notes issued in anticipation of said bonds is <br />twenty (20) years from the date of the notes originally issued for such purpose. <br /> <br />~f~ <br />Fiscal Offic . <br />City of Lakewood, Ohio <br /> <br />{KLF3007DOC;1 } <br />